Financial reports
Proact strives to give the shareholders, investors and financial analysts transparent, relevant and accurate information to increase knowledge of the Group’s operations and share
Reports
Year-end report 2014
12-02-2015 | KMK - Insider Information
Increase in cloud revenues and profit development good
Annual Report 2014
31-12-2014 | RDV - Insider Information
..
Interim report January - September 2014
21-10-2014 | RPT - Insider Information
Profit development remaining stable and increased cloud revenue
Half-yearly report January - June 2014
11-07-2014 | RPT - Insider Information
Profitability continuing to improve
Interim report January – March 2014
24-04-2014 | RPT - Insider Information
Increasing cloud revenue and improved operating income
Year-end report 2013
13-02-2014 | KMK - Insider Information
Improved profits and increased revenues in the fourth quarter
Annual Report 2013
31-12-2013 | RDV - Insider Information
..
Interim report January - September 2013
22-10-2013 | RPT - Insider Information
Reduced overall net sales whilst sales of cloud services increases
Half-yearly report January - June 2013
12-07-2013 | RPT - Insider Information
Non-recurring costs reduce profit
Interim report January – March 2013
07-05-2013 | RPT - Insider Information
Service operations continuing to grow
Year-end report 2012
14-02-2013 | KMK - Insider Information
Improved profits and higher net sales
Annual Report 2012
31-12-2012 | RDV - Insider Information
..
Interim report January - September 2012
24-10-2012 | RPT - Insider Information
Acquisitions starting to have the intended effect
Analyst presentation Proact IT Group Q3 2012
24-10-2012 | RPT - Insider Information
Acquisitions starting to have the intended effect
Half-yearly report January - June 2012
13-07-2012 | RPT - Insider Information
Great interest in cloud services
Interim report January – March 2012
03-05-2012 | RPT - Insider Information
Strong growth and improved profits
Year-end report 2011
15-02-2012 | KMK - Insider Information
Continued strong growth
Annual Report 2011
31-12-2011 | RDV - Insider Information
Interim report January - September 2011
24-10-2011 | RPT - Insider Information
Continuing growth for Proact
Half-yearly report Januray - June 2011
13-07-2011 | RPT - Insider Information
Continuing growth for Proact
Interim report January - March 2011
05-05-2011 | RPT - Insider Information
Proact continues its expansion

Solna 4 May, 2023
Continued high revenue growth, both overall and organically
Jonas Hasselberg, CEO
Comments from the CEO of Proact
2023 has begun with continued high revenue growth, both overall and organically. Generally, we do not see any significant changes in demand due to worsening macro-economic conditions, although some isolated markets see somewhat prolonged sales cycles and a certain degree of uncertainty. Revenues for the quarter amounted to SEK 1,220 million (1,064), corresponding to growth of 15 per cent. Organically revenues increased by 8 per cent, with organic growth of 10 per cent for systems and 6 per cent for services.
Our recurring revenues, revenues from cloud and support services, continue to develop well. Overall, they grew by 15 per cent to an annualized rate of SEK 1,596 million (1,385) and organically they grew by 8 per cent. The recurring revenues also grow quarter over quarter, with a growth of 3 per cent from the fourth quarter of 2022. We signed contracts for our cloud services of SEK 117 million (122), where Business Unit West declined from a strong first quarter last year, while the remaining Business Unites grew. Our assessment is that so far, the decline is not a result of increased cautiousness in the market, but rather is a timing effect as it is based on a relatively limited number of deals in any single quarter.
The systems growth in the quarter was very good in all Business Units except UK, and all Business Units showed organic growth for services. Support as well as cloud services showed good organic growth, both because of won deals in the previous year and through price increases. Revenues from consulting services decreased somewhat organically, primarily due to fewer employed consultants connected to a strong labor market.
We continue to see an impact on our costs from the high inflation. Price increases and efficiencies in our service operations has enabled us to maintain our gross margins, but the increase in sales and administration costs impact the EBITA margin negatively. To secure our long-term competitiveness and enable us to move towards our EBITA margin target of 8 per cent, we have decided to initiate a cost saving program.
Adjusted EBITA during the quarter increased to SEK 57 million (52) corresponding to a margin of 4.7 per cent (4.9), as a result of the increased revenues in combination with relatively unchanged gross margins, offset by higher sales and administration costs.
We see that customers have large needs of help with hybrid cloud solutions that combine the best of private and public clouds to solve their business demands. One example is the migration from traditional infrastructure to a hybrid cloud solution based on Proact Hybrid Cloud and Microsoft Azure that we helped a longtime customer in the UK with during the quarter.
Our success is dependent on our employees and our partners, and it is thus gratifying that our partners continue to give us awards, such as NetApp’s EMEA Partner of the Year that we received during the quarter. Together we continue to deliver value to our customers, and we see that they appreciate us in customer surveys, such as the one in Germany where we this quarter were selected as one of the three leading cloud services suppliers in our size category.